Eroding share of milk worries Fonterra shareholders
Fonterra shareholders are concerned with a further decline in the co-op’s share of milk collected in New Zealand.
Ferrier begins his three-year term commencing November. He replaces Jon Mayson.
Economic Development Minister Steven Joyce says Ferrier has a wealth of experience in international business and brings strong governance and strategic capability to the NZTE board. He is well placed to take up the role of chair of the board, he adds. Ferrier stepped down from Fonterra earlier this year after serving as CEO for eight years.
Joyce thanked Mayson for his valuable contribution to the operation of NZTE and for steering it through a period of significant change.
